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NGOs call on OECD countries to reject any coal financing via ECAs

ECA Watch in cooperation with the WWF European Policy Office and other European and global NGOs, has written a letter to Finance Ministries and Export Credit Agencies to move those public institutions away from coal financing and subsidies in the context of ongoing discussion on this topic in the OECD Export Credit Group. In particular, the NGO letter argues that any proposals to perpetuate coal financing and extend preferential terms to certain coal plant technologies should be rejected. Allowing this would pervert the original idea of curbing export credit agency support for coal in order to address climate goals.

We invite you to read the letter below.

For more information on this campaign, contact Doug Norlen at doug@foe.org

For more information on this campaign at EU level, contact Linde at linde@fern.org